The New Econometrics of Structural Change: Dating Breaks in U.S. Labour Productivity

[Symposium: Econometric Tools]

By Bruce E. Hansen

Journal of Economic Perspectives, Fall 2001

We have seen the emergence of three major innovations in the econometrics of structural change in the past fifteen years: (1) tests for a structural break of unknown timing; (2) estimation of the timing of a structural break; and (3) tests to distinguish ...

The Bootstrap and Multiple Imputations: Harnessing Increased Computing Power for Improved Statistical Tests

[Symposium: Econometric Tools]

By David Brownstone and Robert Valletta

Journal of Economic Perspectives, Fall 2001

The bootstrap and multiple imputations are two techniques that can enhance the accuracy of estimated confidence bands and critical values. Although they are computationally intensive, relying on repeated sampling from empirical data sets and associated es...

Quantile Regression

[Symposium: Econometric Tools]

By Roger Koenker and Kevin F. Hallock

Journal of Economic Perspectives, Fall 2001

Quantile regression, as introduced by Koenker and Bassett (1978), may be viewed as an extension of classical least squares estimation of conditional mean models to the estimation of an ensemble of models for several conditional quantile functions. The cen...

GARCH 101: The Use of ARCH/GARCH Models in Applied Econometrics

[Symposium: Econometric Tools]

By Robert Engle

Journal of Economic Perspectives, Fall 2001

ARCH and GARCH models have become important tools in the analysis of time series data, particularly in financial applications. These models are especially useful when the goal of the study is to analyze and forecast volatility. This paper gives the motiva...

Teaching Statistics and Econometrics to Undergraduates

By William E. Becker and William H. Greene

Journal of Economic Perspectives, Fall 2001

Traditionally econometrics and economics statistics have been taught in the theory and proof, chalk and talk mode commonly found in the teaching of mathematics. We advance the use of computer technology in the teaching of quantitative methods to get stude...

Free Labour for Costly Journals?

By Theodore C. Bergstrom

Journal of Economic Perspectives, Fall 2001

Cost-Benefit Analysis and the Classical Creed

By Joseph Persky

Journal of Economic Perspectives, Fall 2001

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Fall 2001

Comments

By Russell S. Sobel

Journal of Economic Perspectives, Fall 2001

Notes

Journal of Economic Perspectives, Fall 2001

Index By Author to Volume 15

Journal of Economic Perspectives, Fall 2001

Front Matter

Journal of Economic Perspectives, Fall 2001

The Familiar but Curious Economics of Higher Education: Introduction to a Symposium

[Symposium: The Economics of Higher Education]

By Charles T. Clotfelter

Journal of Economic Perspectives, Winter 1999

Despite the involvement of two-thirds of economists in it, the higher education industry remains incompletely understood. Among the topics related to higher education that invite further research are the rapid increase in college costs, the interaction of...

Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education

[Symposium: The Economics of Higher Education]

By Gordon C. Winston

Journal of Economic Perspectives, Winter 1999

Higher education is an industry where markets don't clear, prices on average cover less than a third of production costs, the resulting student subsidies are given in strikingly different amounts by different schools, creating a sharply hierarchical marke...

The Shaping of Higher Education: The Formative Years in the United States, 1890 to 1940

[Symposium: The Economics of Higher Education]

By Claudia Goldin and Lawrence F. Katz

Journal of Economic Perspectives, Winter 1999

The authors trace the origins of the key features of U.S. higher education today--the coexistence of small liberal arts colleges and large research universities; the substantial share of enrollment in the public sector; and varying levels of support provi...

The Community College: Educating Students at the Margin between College and Work

[Symposium: The Economics of Higher Education]

By Thomas J. Kane and Cecilia Elena Rouse

Journal of Economic Perspectives, Winter 1999

The authors provide background on the history and development of community colleges in the United States in the last half century and survey available evidence on the impacts of community colleges on educational attainment and earnings. They also weigh th...

Tenure Issues in Higher Education

[Symposium: The Economics of Higher Education]

By Michael S. McPherson and Morton Owen Schapiro

Journal of Economic Perspectives, Winter 1999

The system of academic tenure has come under increasing scrutiny. The authors provide a brief review of the tenure literature, discuss some recent tenure controversies, and present basic data on the percentage of faculty subject to the tenure system. The ...

Adam Smith Goes to College: An Economist Becomes an Academic Administrator

[Symposium: The Economics of Higher Education]

By Ronald G. Ehrenberg

Journal of Economic Perspectives, Winter 1999

The author asks whether it is useful to view universities in a utility-maximizing framework and shows that university organizing virtually guarantees that the utility-maximizing model is the incorrect approach. He then discusses resource allocation issues...

Will Aging Baby Boomers Bust the Federal Budget?

By Ronald Lee and Jonathan Skinner

Journal of Economic Perspectives, Winter 1999

The authors analyze in three steps the influence of the projected mortality decline on the long-run finances of the Social Security System. First, mortality decline adds person years of life which are distributed across the life cycle. The interaction of ...

Change, Consolidation, and Competition in Health Care Markets

By Martin Gaynor and Deborah Haas-Wilson

Journal of Economic Perspectives, Winter 1999

In this paper, the authors summarize the nature of the changes in the structure of the health-care industry. They focus on the markets for health insurance, hospital services, and physician services. They discuss the potential implications of the restruct...